Hello,
The answer to your question to a large extent depends on your aspirations, are you happy with your current job, government job definitely provides a financial stability, and this is still a huge thing for lot of people, especially in this time of pandemic, however choosing to go for IIM has altogether different thought process for example are you thinking about shifting to corporate world, what are your aspirations for the same, why do you want to do MBA and that too from IIM, there is huge competition when it comes to applying for IIM, and your selection too is dependent on various factors such as CAT scores, academic records, your experiences, overall profile etc are taken into consideration regarding this, hence you need to think clearly on this matter what do you want, if you're aiming for a career shift into corporate world, then you have to let go of the financial security of your government job, can you afford to do this or not is entirely your call, hence you need to think in terms of various parameters regarding this, and accordingly decide the same.
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